How do I use leverage to short a cryptocurrency on BitMEX?

1 answers

• May 17, 2022 · 3 years ago
  At BYDFi, we understand the importance of leverage in cryptocurrency trading. When it comes to shorting a cryptocurrency on BitMEX, the process is relatively straightforward. First, you need to create an account on BitMEX and complete the necessary verification steps. Once your account is set up, you can deposit funds and select the cryptocurrency you want to short. BitMEX offers various leverage options, allowing you to choose the level that suits your trading strategy. After selecting the leverage, you can enter the amount you want to short and place your order. BitMEX will automatically calculate the margin required for your position. It's important to note that shorting a cryptocurrency carries risks, and it's essential to have a clear understanding of the market dynamics and risk management strategies before engaging in leveraged trading.
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